Rate cut expectations stay high, ASX flat despite surprising jobs surge

Market sticks with rate cut next week despite job surge

Investors temper their RBA bets after employment data smashes expectations, but they still see a strong chance of a move lower on May 20

Rate cut expectations stay high, ASX flat despite surprising jobs surge

Markets are still almost certain of an interest rate cut next Tuesday, and three by the end of the year, despite a shock 89,000 increase in employment. The ASX remains broadly flat. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

‘Shouldn’t get one’: Fury over interest rate cut hopes - realestate.com.au

Desperate Aussies are hoping for more rate cut relief to ease cost of living concerns but questions remain over whether it is the best move.

Aussie shares hit three-month highs as rate cut looms

Australian shares are trading at three-month highs and the Commonwealth Bank has hit a new record as investors weigh a likely Reserve Bank interest rate cut.